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Patrick Byrne, Overstock CEO, Tells Fox Business That CNBC Is Conspiring Against Him

First Posted: 05/02/08 06:12 AM ET Updated: 05/25/11 01:30 PM ET

Ostk Ceo

Silicon Alley Insider:

Talky Overstock.com (OSTK) CEO Patrick Byrne is still blaming short sellers for his company's woes. The new twist: He's now lashing out at CNBC journalists -- while appearing on their rival Fox Business Network.

Said Byrne: "I happen to know for a fact there is a fax machine in the CNBC offices where every morning hedge funds send in the instructions. The journalists sit around and take their instructions."


Fox anchor Liz Claman, a former CNBC employee, responded: "I used to work at CNBC and I never saw the fax machine."


Byrne: "I have a good source on that."

Read the whole story: Silicon Alley Insider

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Filed by Danny Shea  |